Why is Kirl. Brothers falling/rising?

As of 04-Jul, Kirloskar Brothers Ltd's stock price is rising, currently at Rs 2,333.40, reflecting an increase of Rs 103.75 or 4.65%. The stock has shown strong performance today, outperforming its sector by 3.51% and achieving a consecutive gain over the last two days with a total return of 5.49%. It reached an intraday high of Rs 2,415.65, indicating robust trading activity, although the volume of delivery has decreased significantly by 60.08% compared to the five-day average. The company has demonstrated high management efficiency with a return on equity (ROE) of 15.93%, a low debt-to-equity ratio, and consistent positive results over the last five quarters, contributing to its healthy long-term growth.
In the broader market context, Kirloskar Brothers Ltd has outperformed the Sensex in the short term, with a one-week return of +0.17% compared to the Sensex's -0.74%. Over the past month, the stock has surged by 31.62%, while the Sensex has only increased by 3.01%. Despite the positive performance, the stock is trading at a premium relative to its peers, with a price-to-book value of 8.9, which may raise concerns about its valuation. Overall, the stock's strong recent performance is supported by solid financial metrics and positive market sentiment, despite some caution regarding its high valuation.